Earnings Forecast of Franco-Nevada Corporation (FNV)

Hexavest Inc. raised its position in shares of Franco-Nevada Corporation by 50.7% in the second quarter.

A number of other equities research analysts also recently weighed in on FNV. Chase Investment Counsel Corp purchased a new position in Franco-Nevada Corporation during the first quarter valued at approximately $265,000. The firm owned 288,200 shares of the basic materials company's stock after buying an additional 281,200 shares during the period. As of the end of the quarter Fiera Capital Corp had acquired 277,080 shares growing its holdings by 33.5%. This is a positive change from Franco Nevada Corp's previous quarterly dividend of $0.21. The company presently has a consensus rating of "Buy" and a consensus price target of C$96.83. Envestnet Asset Management Inc. boosted its position in Franco-Nevada Corporation by 224.6% in the fourth quarter. The company was downgraded on Thursday, February 4 by Credit Suisse. Great West Life Assurance Co. Finally, Gluskin Sheff & Assoc Inc. purchased a new position in Franco-Nevada Corporation during the first quarter worth $225,000.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Addenda Capital Inc sold 9,660 shares as Franco Nevada Corp (FNV)'s stock rose 8.53%. The company has a market cap of $14.16 billion, a P/E ratio of 99.55 and a beta of -0.03. The company has a 50 day moving average price of $72.51 and a 200-day moving average price of $69.02. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month high of $80.00.

More notable recent Franco Nevada Corp (NYSE:FNV) news were published by: Gurufocus.com which released: "Franco-Nevada to Report 2nd Quarter Next Week" on August 02, 2017, also Fool.com with their article: "Why Franco-Nevada is different" published on June 26, 2017, Fool.com published: "Better Buy: Franco-Nevada Corporation vs. GoldCorp" on July 27, 2017.

They expect $0.25 EPS, up 12% or $0.03 from last year's $0.22 per share. The firm had revenue of $163.60 million for the quarter, compared to analysts' expectations of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. The firm's revenue was up 8.8% on a year-over-year basis. During the same period a year ago, the business posted $0.17 earnings per share.

06/06/2017 - Franco-Nevada Corporation had its "equal weight" rating reiterated by analysts at Barclays. Shareholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. The ex-dividend date was Tuesday the 13th of June 2017.

In terms of earnings per share, 11 analysts have a 0.24 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 10 analysts have a 0.26 EPS mean target and for the quarter ending Dec-17 there are 16 estimates of 0.98 EPS.

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Currently, the 14-day ADX for Franco-Nevada Corp (FNV) is sitting at 15.71. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark laws. The legal version of this article can be accessed at https://theolympiareport.com/2017/08/11/national-bank-financial-comments-on-franco-nevada-corporations-q3-2017-earnings-nysefnv.html. BMO Capital Markets initiated Franco Nevada Corp (NYSE:FNV) rating on Monday, September 14. BidaskClub upgraded Franco-Nevada Corporation from a "hold" rating to a "buy" rating in a research note on Monday, July 24th. On Tuesday, December 20 the stock rating was downgraded by Deutsche Bank to "Hold". JP Morgan initiated Franco Nevada Corp (NYSE:FNV) on Wednesday, January 20 with "Neutral" rating. Scotiabank lifted their target price on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the stock a sector perform rating in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. Citigroup has "Buy" rating and $30 target.

St James Investment Company Llc decreased Franco Nevada Corp (FNV) stake by 11.95% reported in 2016Q4 SEC filing. The Firm has interests in silver, platinum group metals, gas and oil and other resource assets.